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Long-Term Compensation Plan and Stock Based Compensation
 6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Long-Term Compensation Plan and Stock Based Compensation

Note 6 – Long-Term Compensation Plan and Stock Based Compensation

Under the VASCO Data Security International, Inc. 2009 Equity Incentive Plan (“2009 Equity Incentive Plan”), we awarded 237 shares of restricted stock in the first quarter of 2017 consisting of 126 unissued shares subject to future performance criteria and 111 issued shares. During the second quarter of 2017, we awarded an additional 23 shares of restricted stock consisting of 14 unissued shares subject to future performance criteria and 9 issued shares. The market value of the 120 issued restricted shares of $1,764 at the date of grant is being amortized over the vesting period of one to four years. The market value of the 140 unissued shares subject to performance criteria of $2,046 at the date of grant is being amortized over the vesting period of three years.

The following table details long-term compensation plan and stock-based compensation expense for the three and six months ended June 30, 2017 and 2016:

 

     Three months      Six months  
     ended June 30,      ended June 30,  
     2017      2016      2017      2016  

Restricted stock

    $ 532      $ 1,396      $ 1,076      $ 2,943  

Long-term compensation plan

      300        449        856        935  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Non-Cash Compensation

    $ 832      $ 1,845      $ 1,932      $ 3,878